MainStay MacKay DefinedTerm Municipal Opportunities Fund Past Earnings Performance
Past criteria checks 1/6
MainStay MacKay DefinedTerm Municipal Opportunities Fund's earnings have been declining at an average annual rate of -40.1%, while the Capital Markets industry saw earnings growing at 9.7% annually. Revenues have been declining at an average rate of 7.8% per year. MainStay MacKay DefinedTerm Municipal Opportunities Fund's return on equity is 4.2%, and it has net margins of 74.2%.
Key information
-40.1%
Earnings growth rate
-40.1%
EPS growth rate
| Capital Markets Industry Growth | 10.3% |
| Revenue growth rate | -7.8% |
| Return on equity | 4.2% |
| Net Margin | 74.2% |
| Last Earnings Update | 30 Nov 2023 |
Recent past performance updates
No updates
Recent updates
MMD: A Solid Muni Fund That Is Worth Putting On A Watchlist
Oct 03MainStay DefinedTerm Municipal Opportunities Fund declares $0.085 dividend
Jan 03MainStay DefinedTerm Municipal Opportunities Fund declares $0.085 dividend
Oct 03MainStay DefinedTerm Municipal Opportunities Fund declares $0.085 dividend
Jul 01MMD: Strong Muni Performer To Lock In Higher Yields
Apr 27MainStay DefinedTerm Municipal Opportunities Fund declares $0.085 dividend
Jan 04MainStay DefinedTerm Municipal Opportunities Fund declares $0.085 dividend
Nov 02Revenue & Expenses BreakdownBeta
How MainStay MacKay DefinedTerm Municipal Opportunities Fund makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Nov 23 | 26 | 19 | 5 | 0 |
| 31 Aug 23 | 27 | 6 | 5 | 0 |
| 31 May 23 | 29 | -8 | 5 | 0 |
| 28 Feb 23 | 31 | -46 | 5 | 0 |
| 30 Nov 22 | 33 | -85 | 5 | 0 |
| 31 Aug 22 | 34 | -70 | 6 | 0 |
| 31 May 22 | 36 | -55 | 6 | 0 |
| 28 Feb 22 | 36 | -10 | 6 | 0 |
| 30 Nov 21 | 36 | 36 | 6 | 0 |
| 31 Aug 21 | 37 | 52 | 6 | 0 |
| 31 May 21 | 37 | 69 | 6 | 0 |
| 28 Feb 21 | 37 | 52 | 6 | 0 |
| 30 Nov 20 | 37 | 35 | 6 | 0 |
| 31 Aug 20 | 37 | 23 | 6 | 0 |
| 31 May 20 | 38 | 11 | 6 | 0 |
| 29 Feb 20 | 40 | 28 | 6 | 0 |
| 30 Nov 19 | 42 | 46 | 6 | 0 |
| 31 Aug 19 | 42 | 41 | 6 | 0 |
| 31 May 19 | 41 | 36 | 6 | 0 |
| 28 Feb 19 | 41 | 31 | 6 | 0 |
| 30 Nov 18 | 41 | 25 | 6 | 0 |
| 31 Aug 18 | 41 | 27 | 6 | 0 |
| 31 May 18 | 40 | 29 | 6 | 0 |
| 31 May 17 | 40 | 17 | 5 | 0 |
| 31 May 16 | 39 | 76 | 5 | 0 |
| 29 Feb 16 | 40 | 54 | 5 | 0 |
| 30 Nov 15 | 40 | 33 | 5 | 0 |
| 31 Aug 15 | 41 | 36 | 5 | 0 |
| 31 May 15 | 41 | 40 | 5 | 0 |
| 28 Feb 15 | 40 | 73 | 5 | 0 |
| 30 Nov 14 | 40 | 105 | 5 | 0 |
| 31 Aug 14 | 40 | 56 | 5 | 0 |
| 31 May 14 | 40 | 7 | 5 | 0 |
| 30 Nov 13 | 43 | -63 | 5 | 0 |
| 31 May 13 | 35 | 60 | 5 | 0 |
Quality Earnings: MMD has a large one-off gain of $8.4M impacting its last 12 months of financial results to 30th November, 2023.
Growing Profit Margin: MMD became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MMD's earnings have declined by 40.1% per year over the past 5 years.
Accelerating Growth: MMD has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MMD has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (3.3%).
Return on Equity
High ROE: MMD's Return on Equity (4.2%) is considered low.